SCAM for financing from Business Area Limited UK

[Pavel Sakurets]

I was approached last week by a Co from UK "Business Area Limited" about financing a land development project in MN (large project)

Tim Robert George Co's rep contacted me with a proposition to provide financing for the the project. The terms seemed very-very attractive, 10% down, 15 years AMO, 3% APR and requested internal financials. I requested refferences of previous projects which they ''financed''

in the US.

I was given a name of the person from CA, with a copy of the financial offer and a copy of his driver's license, but no emails or phone numbers were provided (for privacy reasons :) )

My team has found this person from CA and I called him today.

This is what he said: "the deal never went through. Because he was invited to sign some docs in Amsterdam and was required to bring a substantial amount with him to closing in Amsterdam'. And I decided not to go there because I didn't know if I bring the money I would never come back home'.

Obviously, this is a scam. Never pay anybody any fees for financing up front. Sorry, something happened with my keyboard, and when i'm trying to type a letter that is between ''d'' and ''g'' on a keyboard I get this ''f''.

But felt that I needed to share it today with BPs, so nobody else get coned